Guideline Value for Angamman Kovil Street

Angamman Kovil Street guideline value

The current guideline value of Angamman Kovil Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Naravarikuppam village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Angamman Kovil Street has changed

The guideline value for Angamman Kovil Street has seen several revisions over the years. In 2002, the value was Rs 3,471 per sq.ft, which decreased to Rs 353 per sq.ft in 2003, marking a significant drop of 90%. The value then increased to Rs 500 per sq.ft in 2007, followed by a substantial rise to Rs 1,700 per sq.ft in 2012, reflecting an increase of 240%. However, the value saw a decrease to Rs 1,139 per sq.ft in 2017, a reduction of 33%. The most recent revisions show an increase to Rs 1,700 per sq.ft in 2023, followed by a further increase to Rs 1,870 per sq.ft in 2024, which is a rise of 10%.

Overall, from 2002 to 2024, the guideline value has decreased by 46%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. Angamman Kovil Street's 2024 guideline value is above this median.

• Anna Street: Rs 1,870 per sq.ft (2024)
• Arignar Anna Street: Rs 1,870 per sq.ft (2024)
• Arignar Anna Street Lane: Rs 1,870 per sq.ft (2024)
• Arignar Anna Street (Park Street): Rs 1,870 per sq.ft (2024)
• Aruljothi Vallalar Nagar: Rs 2,200 per sq.ft (2024)
• Abdul Marakkayar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Angamman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,870 per sq.ft, the guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, totaling Rs 1,68,300. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Angamman Kovil Street?

The Sub Registrar Office that covers Angamman Kovil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Naravarikuppam

The guideline value is an essential factor when registering property transactions in Naravarikuppam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process is transparent and fair.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Angamman Kovil Street?

The current guideline value of Angamman Kovil Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,700 per sq.ft in 2023 to Rs 1,870 per sq.ft in 2024, a rise of 10%. Overall, from 2002 to 2024, the value has decreased by 46%.

What are the stamp duty and registration fees for properties in Angamman Kovil Street?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900, and the registration fee would be Rs 37,400, totaling Rs 1,68,300. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Angamman Kovil Street?

The Redhills Sub Registrar Office is responsible for Angamman Kovil Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value in Naravarikuppam?

The median guideline value in Naravarikuppam is Rs 1,650 per sq.ft. Angamman Kovil Street's 2024 guideline value of Rs 1,870 per sq.ft is above this median.